Presented during AsBAA’s Icons of Aviation 2023 gala dinner on Saturday 11th November, Jetcraft Asia’s president David Dixon accepted the award on behalf of everyone in the company, which Jetcraft first won in 2015.

Commenting on the award afterwards David Dixon stressed that: “The whole team is so pleased the Icons of Aviation awards are back. It’s always a fantastic evening and a pleasure to connect with our friends in business aviation, especially in Asia. Any win is an enormous achievement and to be named Best Aircraft Broker for the sixth time is incredibly humbling, especially since this award is voted for by our peers.

“We have an outstanding team here at Jetcraft Asia and with the region continuing to bounce back we are committed to setting standards that shape the industry, delivering aircraft sales, acquisitions, and trading at the Speed of Life. Thank you all.”

Asad Rahman, Jetquity’s CEO, expressed his enthusiasm about the collaboration, stating, “The Protect Program is about instilling confidence and clarity in aircraft ownership. By letting owners know their exit price, we’re revolutionizing the buying and selling process in the aviation world. As part of our objective to align with the most esteemed names in business aviation, we’re thrilled to partner with Jetcraft as the first aviation specialist to bring the Protect Program to its clientele.”

Jahid Fazal-Karim, Owner and Chairman of the Board, Jetcraft, adds: “Today’s pre-owned jet marketplace is extremely complex, and at Jetcraft, we’re committed to harnessing innovative technology to benefit our clients. Through Jetquity’s Protect Program, we’re offering our customers the peace of mind that comes with knowing their aircraft’s future resale value, and when they are ready to sell their investment, access to Jetcraft’s market-leading intelligence and strategic financing solutions to support even the most complex of transactions.”

Launched in spring 2023, Jetquity’s Residual Value Protect Program is designed to safeguard a client’s business jet investment against market volatility. Owners are able to select the duration of the program (from one to 10 years), and offered an end of term minimum exit price for their aircraft as part of a single premium. The integration of the Protect Program into service offerings, sets new standards in the aviation landscape, promising a streamlined, transparent, and enhanced buying and selling experience for business aircraft owners worldwide.

Chad Anderson, CEO at Jetcraft, says: “With Jetcraft, Bill is taking his global perspective to the next level. He is a recognizable force in this industry and now he has access to a leading transaction team located all over the world that’s backed by proprietary data analytics. Our partnership with AeroVentures will allow him to better serve the demands of his clients, and his strategic aircraft investments.

“For Jetcraft, AeroVentures gives us access to Bill’s extensive network supported by strong credit lines, creating even more opportunities for our customers to continue transacting at the Speed of Life. We’re looking forward to a fruitful relationship.”

AeroVentures is an investment firm uniquely focused on innovating and evolving the world of global aviation through direct equity and credit investments to leading businesses providing technology, service, and infrastructure solutions to the business aviation industry. AeroVentures’ unmatched expertise and unique vision provides investment partners from across the world with opportunities to foster strong long-term growth. The distinguished experience of their portfolio management team and CEO Bill Papariella in the global aviation industry distinctly positions AeroVentures as a powerful new investing partner in the private aviation category.

Bill Papariella, CEO of AeroVentures says: “As a premier private aviation brokerage with unmatched international reach, data-driven market analysis, and advisors that possess extensive knowledge in the global private aviation ecosystem, we are pleased to partner with Jetcraft. As the private aviation industry continues to experience shifting demand, AeroVentures looks forward to helping Jetcraft further succeed by accessing our capital on a global scale for aircraft transactions across the world.”

After more than a decade trading aircraft at Aerolineas Ejecutivas (Ale), Noriega will now act as a sales specialist for Jetcraft customers in Mexico, Central America and the Caribbean.

Dan Kilkeary, SVP Sales, Americas, says: “Business aviation continues to soar in Latin America and Alejandro’s appointment builds upon Jetcraft’s recent hire in Brazil, with our thriving team supporting growth in the region.”

“As a seasoned professional, Alejandro has been responsible for global transactions across all aircraft segments during his nearly 15 years at Ale. His regional insight ensures we can negotiate the best deals for our customers and locate aircraft that others can’t.”

Alejandro Noriega, Sales Director, Jetcraft, adds: “This is an exciting time to join Jetcraft as the company further enhances its footprint across the Americas. I’m eager to bring the company’s financial strength, industry-leading data and the attitude that no transaction is impossible, to customers in this region.”

“We are proud to work with Jetcraft Commercial on a global leasing solution and welcome them to the DHC community as a launch customer for our newest aircraft, the DHC-6 Twin Otter Classic 300-G,” said Brian Chafe, Chief Executive Officer, De Havilland Canada. “With the same rugged airframe, the lighter weight DHC-6 Twin Otter Classic 300-G will deliver increased payload range and decreased operating costs for our customers. De Havilland Canada is once again driving the utility transport aircraft market forward.”

“We believe that the DHC-6 Twin Otter Classic 300-G represents the best in-class commuter aircraft solution,” said Raphael Haddad, President of Jetcraft Commercial. “This versatility enables the aircraft to operate into areas where regional aircraft cannot go and provide air connectivity there.

“Our boots-on-the-ground structure enables us to take on numerous aircraft with confidence because we know where demand lives, and where best to place them,” said Haddad. “We are thrilled to be working alongside De Havilland Canada as it brings this new, innovative product to market.”

DHC-6 Twin Otter Classic 300-G is the fifth generation of the Twin Otter aircraft, joining the current Series 400. All DHC-6 Twin Otters carry passengers, transport VIPs, move cargo, conduct medivac operations, and perform special missions in the world’s most unforgiving environments. When mounted on amphibious floats, these aircraft move seamlessly between paved surfaces and water-landing areas.

For more details about the DHC-6 Twin Otter Classic 300-G, including images, video, and brochure, please visit: https://dehavilland.events/TwinOtterClassic300G

The return of the corporate buyer has played a key role in driving unprecedented business aviation demand, according to new research from Jetcraft, the global leader in business aircraft sales and acquisitions. 

Ever Forward, Jetcraft’s 2023 Pre-Owned Business Jet Market Forecast reveals that continued growth is predicted for the years ahead, despite an inevitable market correction in 2023, setting new annual benchmarks for volume and value. In 2022, transaction values hit a record $16.3B, driven in part by the resurgence of corporate aviation, following a dip during the pandemic. 

Jetcraft’s data shows that the share of Jetcraft buyers coming from the corporate sector reached 60% in 2022, demonstrating the value corporations place on jet ownership.

“The return of the corporate buyer proves what we’ve always known: the continued importance of face-to-face interactions in the relationship world of business,” says Jahid Fazal-Karim, Owner and Chairman of the Board, Jetcraft. “Video conferencing technology served a purpose for all of us when the borders were closed, but businesses recognize the value of in-person meetings.” 

New entrants to the market, OEM backlogs and the corporate buyer’s return resulted in the average pre-owned transaction value going beyond industry expectations – increasing by 38% in 2022.  

“Existing corporate and individual clients looking to upgrade their aircraft will drive sales volume over the next five years,” continues Fazal-Karim. “First-time business jet owners continue to play a role in market growth, with many, having tested the waters through charter or fractional ownership, purchasing their own aircraft outright. From 2024, values will stabilize at above $15.4B annually, due to an increase in the total transaction volume, retirement of a significant portion of Light Jets from the under 25-year-old pre-owned fleet, and a higher share of larger jets entering the market.”  

Jetcraft’s 2023 report also breaks down the nuances found in pre-owned transaction values, explaining why average prices increased more than expected during 2022.  

Chad Anderson, CEO, Jetcraft adds “Today’s pre-owned jet marketplace is extremely complex, with aircraft segment prices differing widely and overlapping significantly. This price and segment variation stems from greater demand of popular makes and models, as well as turnkey aircraft, which have always attracted a premium but are especially lucrative at present due to the length of the OEM and maintenance facility backlogs. We expect prices to level out as supply increases and depreciation normalizes in 2024.”  

Download Ever Forward, Jetcraft’s 2023 Pre-Owned Business Jet Market Forecast here. 

In his new role, Dunne will draw on more than a decade of experience to act as a dedicated specialist for aircraft owners and buyers, collaborating with Jetcraft’s 80+ team of global advisors around the world.

Dunne joined Jetcraft as Sales Manager in 2019, based out of the company’s London HQ.  Throughout his tenure, he has helped facilitate over $1b in closed aircraft transaction value, while building and maintaining relationships with aircraft owners, operators and industry partners in Northern Europe and the Middle East. He previously held roles across the aerospace, energy and construction industries in a mix of design engineering, project management and business development capacities, including two-years working with aircraft owners, airlines, lessors and MROs at AerData/Boeing. Dunne holds an Engineering Degree from Trinity College Dublin, an MBA from University College Dublin Michael Smurfit Graduate Business School and a Certificate in Aviation Leasing and Finance.

Dan Kilkeary, SVP Sales, Americas at Jetcraft, says: “Colin has the expertise to ensure we continue to exceed client expectations across the Americas. He already has a deep understanding of how Jetcraft operates from his time working with us in EMEA, so he’s perfectly positioned to make an immediate impact in his new territory and demonstrate our unmatched ability to sell aircraft at the Speed of Life.

“Colin’s appointment is the latest example of our response to continued demand by boosting the senior sales team across the Americas. North America is still driving the majority of demand for pre-owned business jets globally, and our expanded team is set to play a crucial role in meeting this need.”

Colin Dunne, Sales Director, US Midwest at Jetcraft, says: “Jetcraft provides an exceptional service to clients by offering market-leading intelligence, a truly global team and the most diverse jet inventory in the world. I’m looking forward to supporting clients in the Americas and showcasing why we’re the experts at marketing aircraft, negotiating and driving aircraft transactions as well as finding innovative ways to make our clients lives easier when buying, selling or upgrading a jet.”

Dunne’s appointment to Sales Director follows two additional senior executive hires for the Americas earlier this year, taking Jetcraft’s headcount to more than 80.

]]> https://www.jetcraft.com/jetstream/2023/04/jetcraft-appoints-colin-dunne-as-us-sales-director-continuing-its-strategic-growth-across-the-americas/feed/ 0 https://www.jetcraft.com/jetstream/2023/04/jetcraft-commercial-delivers-two-of-three-atr72-600s-to-uzbekistan-airports-for-new-airline-silk-avia/ https://www.jetcraft.com/jetstream/2023/04/jetcraft-commercial-delivers-two-of-three-atr72-600s-to-uzbekistan-airports-for-new-airline-silk-avia/#respond Thu, 13 Apr 2023 15:37:13 +0000 https://www.jetcraft.com/?p=78576 Jetcraft Commercial, the commercial division of Jetcraft, is announcing the delivery of two of three ATR72-600 aircraft sold to Uzbekistan Airports, acquired from Bangkok Airways.

Uzbekistan Airports will place the aircraft with its recently launched community airline, Silk Avia, which will deliver a passenger route network from the capital, Tashkent, to regions (hub-to-point) as well as serving domestic flights between regions (point-to-point).

Raphael Haddad, President, Jetcraft Commercial, says: “Regional turboprop aircraft types are well-suited to meet the needs of Uzbekistan Airports and SilkAvia due to their lighter structures, optimized speed and engines designed for short segments. These factors will ensure SilkAvia meets the growing demand for domestic travel and support Uzbekistan’s booming tourism sector. We have deep expertise in swiftly and efficiently structuring and closing complex transactions of numerous aircraft between multiple parties at Jetcraft Commercial, ensuring success for all involved.”

Mr. Puttipong Prasarttong-Osoth, President of Bangkok Airways Public Company Limited says: “The sale of our turboprop aircraft to Jetcraft Commercial has given these high-quality airplanes a new purpose to allow Uzbekistan Airports to strategically plan for a busy summer travel period. As well as being able to streamline our own fleet, the aircraft will be used to develop SilkAvia as an up-and-coming airline and provide a positive passenger experience.”

Rano Dzhuraeva, Chairman of the Board of Uzbekistan Airports, adds: “We made an evaluation on which aircraft would provide essential cross-country links and we know that regional turboprops, like the ATR72-600, are the right fit for us.  By expanding our fleet, we’re ensuring we can meet the rising demand for domestic and regional travel. These aircraft will open up new point-to-point opportunities and support the growth in the country and its importance as a connecting hub in Central Asia.”

Ukbekistan Airports will take delivery of the third aircraft in the latter half of April 2023.

Jetcraft, the global leader in business aircraft sales, acquisitions and trading, has acquired Corporate Fleet Services (CFS Jets), a prominent business aviation firm specializing in the turboprop, light and midsize jet markets.

Peter Antonenko, President, Jetcraft, says: “For more than 60 years, Jetcraft has been setting the standard in business aircraft transactions, placing a sharp focus on super-midsize, large, and ultra long range jets. With the addition of CFS Jets, our product expertise is the most diverse in the industry, surpassing that of all other brokers and manufacturers, while bringing customers nearly a century of experience, more than 100 dedicated global advisors and the largest number of exclusive jet listings.”

Now “powered by Jetcraft”, CFS Jets is offering its client base greater access to the super-midsize and large jet categories. Both companies are continuing to operate individually, each benefiting from their respective capabilities, including being backed by Jetcraft’s industry leading data to support transactions.

David Monacell, Partner, CFS Jets, adds: “Since 1984, CFS Jets has proven itself as a trusted private jet and turboprop broker. Powered by Jetcraft, we are now giving our customers access to the most robust market intelligence and widest range of aircraft in the industry.”

Antonenko concludes: “This strategic alliance between Jetcraft and CFS Jets represents a significant milestone for both our companies, and our clients, who can now benefit from a combined experience of more than 800 transactions in the last five years alone. Together, we look forward to serving the growing worldwide demand for turboprops and business jets of all sizes.”